Earnings Alerts

MEG Energy Corp (MEG) Earnings: 4Q Oil Production Meets Estimates Despite Slightly Higher Net Debt

By February 28, 2025 No Comments
  • MEG Energy’s average oil production for the fourth quarter was reported at 100,139 barrels per day, slightly below the estimated 101,031 barrels per day.
  • The company’s net debt stood at C$702 million, higher than the estimate of C$673.6 million.
  • MEG Energy’s full-year 2025 production guidance accounts for a significant turnaround expected in the second quarter, which is anticipated to reduce annualized production by 8,000 barrels per day.
  • Analyst ratings for MEG Energy show a positive outlook, with 8 buy recommendations and 6 hold recommendations, and no sell recommendations.

A look at MEG Energy Corp Smart Scores

FactorScoreMagnitude
Value4
Dividend2
Growth5
Resilience2
Momentum3
OVERALL SMART SCORE3.2

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

MEG Energy Corp, a Calgary-based oil and gas corporation with a focus on oil sands development, is positioned for long-term growth according to Smartkarma Smart Scores. With a strong value score of 4, the company is deemed to offer significant value potential. Coupled with a top-notch growth score of 5, MEG Energy Corp is set to capitalize on growth opportunities in the oil and gas sector.

However, the company’s outlook is tempered by lower scores in the Dividend, Resilience, and Momentum categories, coming in at 2, 2, and 3 respectively. While there may be room for improvement in these areas, MEG Energy Corp‘s robust value and growth scores indicate a promising long-term outlook for investors seeking exposure to the oil sands industry.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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